I have noted a diversity of opinion on this topic.
Folks like me think it is some type of fraud or intelligence agency scam because of its murky origins and it's lack of public regulation. A honey trap for drug profits, rogue nation and terror group money laundering, and good old tax cheats. An asset that can be looted by secret backdoor cyber faults, or instantly declared illegal by edict or judicial action.
Other's see it a brilliant invention that has more solidity than fiat currency and better privacy. Some central banks are even toying with issuing one of their own. Even using it as a basis of a cashless society. If that happens - what then happens to gold?
I suppose the truth will be told when there is a run on its assets due to a financial emergency. It will be interesting to see how quickly folks will be able to divest themselves of this or just get real money back for groceries, rent, and utility bills. It seems folks have forgotten in this current runup that that collapse already happened once.
Hi Thanks for checking back in on bitcoin. The greatest trade of all time. It can now drop in half and still be the greatest trade of all time for those who got in early. Wish I had 4 to 6 years ago. Anyway, no reason silver can't be even a better trade in the years to come, if bitcoin tanks Heck, for all I know, it could disappear one day. Silver's time has come this year. Much fun ahead. all the best and Happy New Year Bill
jpdell33
01-04-2021 @ 1:18 PM